Technical Analysis

EURUSD back down testing the 100 hour MA

EURUSD skims the 100 hour MA

Moreover a move below runs into other targets from recent lows including the swing area between 1.0584 and 1.0594, and the 50% midpoint of the move up from the December 7 low at 1.05889.

As I type, the 100 hour MA is being broken. Now the question is “Do the sellers keep the momentum going?”.

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